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Amherst Technologies files for bankruptcy.
- Article from:
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Telegraph (Nashua, NH)
- Article date:
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July 22, 2005
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Copyright informationCOPYRIGHT 2005 The Telegraph. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: Karen Spiller
Jul. 22--MERRIMACK -- Amherst Technologies, LLC has filed for protection under federal bankruptcy laws, citing the need to reorganize its financial structure.
The Merrimack-based computer software and hardware provider filed for Chapter 11 protection on Tuesday, according to the U.S. Bankruptcy Court filing.
The company blames the downturn and "ongoing instability" of the high-tech industry over the past three years, as well as the financing of past acquisitions, for its need to restructure.
Company officials could not be reached Thursday, but in a statement released on its Web site Wednesday, Executive Chairman Gerald Birin said Amherst ...
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